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Friday, December 17, 1999
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IT bill moots stiff penalty for cyber crimes

The information technology bill, 1999, has prescribed stiff penalty of up to Rs 10 lakh and imprisonment up to 10 years for cyber crimes including malicious acts like infecting computer networks with viruses.

ICICI Bank eyes Bank of Punjab

ICICI Bank has set its sights on Bank of Punjab Ltd, which has the largest retail customer base among the new-generation private sector banks.

RIL may buy out DCL Polyester's unit

The Rajus-controlled DCL Polyester has started negotiations with Reliance Industries (RIL) for the sale of its polyester filament yarn (PFY) plant in Nagpur, Maharashtra, setting the stage for yet another major take over in the polyester industry.

Uco chief scoffs at CII advice, says creators of NPAs on panel

Uco Bank chairman and managing director Sharda Singh on Thursday blasted an apex industry body's report that has called for the closure of three state-run banks with huge non-performing assets.

IOC, BPCL weigh options for strategic alliance in key areas

Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL) are exploring the option of forming a strategic alliance in key petro-related activities.

11 sectors compliant

The Government's action force on Y2K said on Thursday that 11 critical sectors, including atomic energy, space and defence were ready to ensure a smooth transition into the new millennium.

Executive Briefings

bullet.jpg (687 bytes) Centre to make up mind on MPC counter-guarantee within a week

bullet.jpg (687 bytes) Jindal Strips set to bid for Salem Steel plant

bullet.jpg (687 bytes) PowerGen to stick to its Madhya Pradesh project

bullet.jpg (687 bytes) Novartis bags shareholders' nod to sell off Gujarat plant

bullet.jpg (687 bytes) SmithKline Beecham Consumer to pay Rs 3 a share interim dividend

bullet.jpg (687 bytes) Microland eyes Rs 30 cr turnover

bullet.jpg (687 bytes) Ford has most loyal owners -- JD Power

bullet.jpg (687 bytes) Wal-Mart, AOL form joint Internet service

bullet.jpg (687 bytes) Unions cry out against CII panel's advice to close down 3 weak banks

bullet.jpg (687 bytes) Banks will become leaner and meaner


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